Durham also highlighted that advisers advising clients were ultimately the source of capital that goes into all innovation in every industry.
“We can be proud of what we do here, despite all the massive complexity regulation that goes with it and compared to some other industries, we can be proud of the pace of which automation has moved.
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“Innovation in this space plays a fundamental role in all innovation and this is where the capital which everybody depends on comes from. So that's a really good place to be and it ultimately does come down to people investing, investing requires advice, and this is absolutely at the core of it,” he added.
alina.khan@ft.com
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